The dollar fell slightly to the middle of 155 yen at 3 p.m., and the yen bottomed out due to month-end trading

July 29, 2024 at 3:35 PM GMT+9 (some excerpts)

The dollar/yen at 3 p.m., has been trading in the middle of 155 yen, a slight decline since the end of the New York market the previous weekend. At the beginning, sales of actual demand, which can be seen as month-end transactions, took precedence, but they were reluctant to decline after the first round of sales, ahead of the Japan-US central bank meeting in the middle of the week.
The dollar depreciated from the high price of early 154 yen in the morning to the first half of 153 yen before noon. Today is the actual month-end trading day, and according to market sources, short-term sources have followed the trend seen as importers.
There was also an indication that “the timing when speculation spreads easily for the Bank of Japan meeting also seems to be inviting yen purchases” (domestic securities analyst).